Mr. Brian Buchanan reports

CONSOLIDATED SPIRE VENTURES CLOSES PRIVATE PLACEMENT OF $250,000

Consolidated Spire Ventures Ltd. has closed a non-brokered private placement of five million common shares at five cents per share for gross proceeds of $250,000. A finder's fee was paid in accordance with the policies of the TSX Venture Exchange. The shares issued are subject to a hold period expiring on Jan. 28, 2011. The proceeds of this private placement will be used for general working capital purposes.